Wealth of Insight: Recent Episodes
Austyn Whittenburg
Are you ready to take control of your wealth and design the life you envision for yourself and your family? Welcome to Wealth of Insight with Austyn Whittenburg from Whittenburg Wealth Partners. Austyn guides you through the planning process to help you build a plan that seeks to protect your financial future. He empowers you with creative investment and planning ideas to help you understand and achieve your long-term goals. It’s time to gain confidence in your financial future.
Are you ready to take control of your wealth and design the life you envision for yourself and your family? Welcome to Wealth of Insight with Austyn Whittenburg from Whittenburg Wealth Partners. In this episode, Austyn guides you through practical strategies for incorporating unexpected cash into your financial plan, empowering you with creative investment opportunities and planning ideas to achieve your long-term goals.
Join us as we delve into effective methods for managing unexpected inflows of money, whether from bonuses, inheritances, or insurance settlements. Austyn’s insights will help you gain confidence in your financial future and make informed decisions.
In this episode, we’ll cover:* The 50/50 rule: Balancing enjoyment and future planning * Building and topping off your emergency fund * Paying down high-interest debt and credit cards * Strategies for managing tax implications from unexpected cash * Investing in retirement accounts and long-term growth options * Paying down your mortgage and understanding the impact * Incorporating charitable donations for personal and tax benefits
Discover how these approaches can provide peace of mind and financial security, while also allowing for some immediate enjoyment. Learn how to structure your financial plan to accommodate windfalls and prepare for the unexpected with Austyn’s expert guidance.
Practical benefits include:* Gaining a clear framework for managing unexpected money * Understanding the tax implications and strategic responses * Achieving a balanced approach to spending and saving * Exploring investment options that align with your goals * Enhancing your overall financial well-being
Engage with us by asking questions or sharing your thoughts! Contact us through our website at whittenburgwealth.com or text us at (801) 839-7056. Don’t forget to like and subscribe to the Wealth of Insight podcast and share it with your friends and family.
Tune in to this episode for valuable insights that will help you navigate the complexities of unexpected financial gains and take meaningful steps toward a secure and prosperous future.
Are you ready to take control of your family’s financial future? Join us on Wealth of Insight with Austyn Whittenburg, where we delve into the intricacies of planning for a successful family financial summit. In this episode, we explore how these summits can benefit business owners, high net worth families, and anyone looking to ensure a smooth transfer of wealth and values across generations.
Key Points Covered in this Episode:
– Understanding the concept of a family financial summit and its importance.
– Exploring inheritance and wealth distribution strategies. Discussing estate planning details, including wills, trusts, and decision-making authority.
– Navigating the complexities of business succession planning within family-owned businesses.
– Addressing the balance between equal distribution and fairness in inheritances.
– Managing investments, risk tolerance, and supporting family goals. Exploring insurance needs, including life insurance, long-term care, and tax implications.
– Understanding tax considerations and charitable planning to minimize tax burdens.
– Preparing younger generations through financial education and planning.
If you’re intrigued by the idea of a family financial summit or have questions about implementing one for your family, reach out to Austyn Whittenburg at Whittenburg Wealth Partners. Visit our website at www.whittenburgwealth.com or call/text Austyn directly at 801-839-7056. Don’t forget to share this episode with family and friends, and subscribe to the Wealth of Insight podcast for more valuable discussions on financial planning and wealth management.
Are you curious about the real impact of financial advice beyond just managing investments? Join us on Wealth of Insight with Austyn Whittenburg as we delve into the layers of value that a financial advisor can provide to enhance your financial well-being.
In this episode, Austyn sheds light on the multifaceted role of financial advisors and uncovers the often-overlooked areas where they add substantial value to your financial journey.
Here’s what you can expect to learn:
- Personalized Financial Planning: Explore how experienced advisors tailor plans to fit your unique goals, risk tolerance, retirement plans, estate planning, and tax strategies.
- Behavioral Coaching: Discover the art of managing client behavior, avoiding rash decisions during market volatility, and staying true to your long-term financial plan.
- Tax Efficiency: Learn about asset allocation strategies, investment placement, and tax-efficient investment vehicles that seek to minimize taxes and maximize returns.
- Implementation Excellence: Understand the importance of timely plan implementation, fee management, and estate planning for wealth transfer efficiency.
Join us as we uncover the substantial value beyond mere investment management that financial advisors can bring to your financial journey. Gain insights, actionable strategies, and a deeper understanding of how personalized financial guidance can empower you to pursue your financial goals.
Have questions or insights to share? Connect with Austyn at Whittenburg Wealth Partners to explore further. Don’t forget to subscribe and share the Wealth of Insight podcast with your friends and family for more valuable financial wisdom.
Thank you for tuning in to Wealth of Insight, where we illuminate the path to financial empowerment and success.
Are you ready to seize control of your financial future and make informed decisions about your retirement?
In this episode of Wealth of Insight with Austyn Whittenburg, we delve into the crucial milestones leading up to retirement and how you can navigate them strategically to enhance your financial well-being. Join Austyn as he shares experienced insights and practical advice on optimizing your retirement planning journey.
Key Points Discussed:
Understanding catch-up contributions and their benefits starting at age 50.
Exploring the Rule of 55 and how it impacts accessing retirement funds.
Discussing the significance of age 59 and a half in relation to penalty-free withdrawals.
Analyzing the implications of starting Social Security benefits at age 62 versus waiting until full retirement age.
Exploring the complexities of Medicare eligibility and planning for healthcare expenses.
Highlighting the impact of delaying Social Security benefits until age 70 and the considerations involved.
Understanding required minimum distributions (RMDs) and strategies to manage tax implications effectively. Benefits for Listeners:
Gain clarity on important retirement milestones and how they affect your financial plans.
Learn practical strategies to maximize retirement savings and minimize tax burdens.
Receive professional guidance on making informed decisions about Social Security, Medicare, and RMDs.
Empower yourself to design a retirement plan that aligns with your long-term financial goals.
Engagement and Contact Information:
Have questions or want to learn more? Visit our website at www.whittenburgwealth.com or text Austyn directly at 801-839-7056. Share this episode with your friends and family to help them optimize their retirement planning.
Don’t forget to subscribe for future episodes packed with valuable insights and advice.
Thank you for tuning in to the Wealth of Insight Podcast!
Are you looking to optimize your financial strategy and secure a brighter future? Welcome to another insightful episode of Wealth of Insight with Austyn Whittenburg from Wittenburg Wealth Partners. Today, we’re diving into the intriguing world of the Backdoor Roth IRA, unpacking its benefits, strategies, and potential pitfalls.
In this episode, we’ll explore:
- Understanding the fundamentals of a Roth IRA and its unique tax advantages
- The concept and benefits of the Backdoor Roth IRA strategy for high-income earners
- Step-by-step guidance on implementing the Backdoor Roth IRA in your financial plan
- Navigating the tax implications and consulting with professionals for optimal results
- Real-life examples and hypothetical scenarios illustrating the power of tax-deferred growth
Join Austyn as he shares invaluable insights and practical advice to help you harness the full potential of the Backdoor Roth IRA and take control of your financial destiny.
Ready to unlock the keys to tax-efficient wealth building? Tune in to this episode of Wealth of Insight and embark on a journey towards financial empowerment.
We’d love to hear your thoughts and questions about the Backdoor Roth IRA strategy! Connect with us on our website at www.wittenburgwealth.com or text Austyn directly at 801-839-7056. Don’t forget to subscribe and share this episode with your friends and family to spread the knowledge.
Thank you for tuning in to Wealth of Insight. Remember, your financial future starts now!
Welcome to a special episode of the Wealth of Insight podcast with your host, Austyn Whittenburg. Get ready to dive into a crucial topic that impacts us all – politics and its intersection with investing. Austyn breaks down the historical relationship between political events and the market, revealing surprising insights that challenge common perceptions.
In this episode, Austyn covers:
- The Market’s Impartial Stance: Explore how the market reacts to uncertainty and why it remains impartial to political affiliations.
- Election Year Volatility: Understand the historical trends in the first five months of election years, and how the market tends to stabilize as election season progresses.
- Long-Term Focus: Discover why keeping politics out of investing is crucial for long-term success, and how emotional decisions can be detrimental to your financial goals.
- Historical Performance: Delve into the historical performance of the market under different political administrations, highlighting that markets have seen positive returns in most election years.
- Diversification Strategies: Austin emphasizes the importance of diversification in a long-term investment strategy and how it can help navigate market volatility.
- Practical Insights: Gain practical advice on how to build portfolios that anticipate volatility and market changes, rather than reacting impulsively.
Join Austyn as he brings a wealth of insight into separating political noise from sound investment decisions. Don’t let the uncertainty of politics dictate your financial future – empower yourself with knowledge and make informed choices.
Have questions or want to share your thoughts? Reach out to Austyn at Whittenburg Wealth Partners’ website or text him at 801-839-7056. Subscribe and share the Wealth of Insight podcast with your friends and family for more valuable financial wisdom. Remember, your financial journey starts with informed decisions.
Connect with Austyn Whittenburg:
- (801) 839-7056
- austyn@whittenburgwealth.com
- Schedule A Meeting With Austyn
- LinkedIn: Austyn Whittenburg
- Whittenburg Wealth Partners
- Twitter: Whittenburg Wealth
What will 2024 look like?
Let’s talk about our anticipations for 2024 and what we’re keeping our eyes on.
Austyn Whittenburg goes over the economic forecast for 2024. He tackles the question of an impending recession and provides insights into stock and bond market trends, all while considering the influence of global events.
Austyn discusses:
- The economic outlook for 2024
- What he anticipates the potential recession will look like
- Stock and Bond market trends
- Considerations around geopolitical factors
- And more
Resources:
- A Financial Forecast for 2023 (Ep.24)
- Exploring Creative Strategies to Demolish Your Debt (Ep.36)
Connect with Austyn Whittenburg:
- (801) 839-7056
- austyn@whittenburgwealth.com
- Schedule A Meeting With Austyn
- LinkedIn: Austyn Whittenburg
- Whittenburg Wealth Partners
- Twitter: Whittenburg Wealth
The economic forecasts set forth in this material may not develop as predicted and there can be no guarantee that strategies promoted will be successful.
Bonds are subject to market and interest rate risk if sold prior to maturity. Bond values will decline as interest rates rise and bonds are subject to availability and change in price.
Government bonds and Treasury bills are guaranteed by the US government as to the timely payment of principal and interest and, if held to maturity, offer a fixed rate of return and fixed principal value.
There is no guarantee that a diversified portfolio will enhance overall returns or outperform a non-diversified portfolio. Diversification does not protect against market risk.
Is inflation really “going down”? But why are prices still so high?
Let’s discuss the difference between inflation rates and prices affected by inflation while highlighting a possible silver lining of the situation!
This week, Austyn Whittenburg discusses the impact of inflation on personal finances and the new tax brackets for 2024. He clarifies misconceptions around inflation and prices, explaining that while inflation may decrease, prices are still increasing.
Additionally, he discusses the many new opportunities 2024 has to offer to minimize your tax burden as much as possible and how to start taking advantage of them!
Austyn discusses:
- One of the most common misconceptions about inflation and how it is “decreasing”
- The Silver Lining: New Tax Brackets for 2024
- Incoming changes in capital gains tax rates, estate tax, and gifting rules
- Increased contribution limits for 401K and IRA accounts
- And more
Connect with Austyn Whittenburg:
- (801) 839-7056
- austyn@whittenburgwealth.com
- Schedule A Meeting With Austyn
- LinkedIn: Austyn Whittenburg
- Whittenburg Wealth Partners
- Twitter: Whittenburg Wealth
The conversation about the impact of education on future income continues!
In this episode, Austyn Whittenberg discusses the income thresholds for being in the top 10% and top 1% of earners in the United States. He highlights the impact of education on income, stating that college graduates earn significantly more than those with only a high school degree.
Austyn also discusses the relativity of wealth based on location and lifestyle. This episode aims to enlighten you about the relevance of a college degree in increasing income and achieving higher income levels.
Austyn discusses:
- A deeper analysis of the impact of education on income levels
- The different income thresholds in the United States as of 2023
- The relativity of wealth & why income levels feel different depending on where you live
- The American Dream: What does it take to achieve this in the modern day?
- And more
Connect with Austyn Whittenburg:
- (801) 839-7056
- austyn@whittenburgwealth.com
- Schedule A Meeting With Austyn
- LinkedIn: Austyn Whittenburg
- Whittenburg Wealth Partners
- Twitter: Whittenburg Wealth
What does it take to join the top 1% of America? How much richer are they compared to the average American?
Let’s find out.
In this episode, Austyn Whittenburg discusses wealth accumulation trends and the net worth of different population percentiles.
Using Federal Reserve data, Austyn highlights the rise in home values and car prices, and the impact of education on net worth. He also discusses the influence of different levels of education in you and your family’s financial planning processes.
Austyn discusses:
- The impact of education on American’s net worth
- Key findings from the Federal Reserve about the American wealth divide
- The difference between median and mean net worth + how this difference can create misleading headlines
- Various statistics surrounding the different income classes of America
- And more
Resources:
https://www.federalreserve.gov/publications/files/scf23.pdf
Connect with Austyn Whittenburg:
- (801) 839-7056
- austyn@whittenburgwealth.com
- Schedule A Meeting With Austyn
- LinkedIn: Austyn Whittenburg
- Whittenburg Wealth Partners
- Twitter: Whittenburg Wealth
Looking to plan your next getaway without breaking the bank or relying on credit cards?
In this episode, Austyn Whittenburg discusses the many financially smart ways to travel. Listen and learn about the importance of planning, budgeting, and using credit cards with travel perks to avoid going into debt.
Austyn shares insight through his own experiences and strategies, such as setting up a travel fund, using various tools for cost-effective options, and taking advantage of credit card benefits like free checked bags, TSA PreCheck, and companion certificates. He also advises on avoiding international transaction fees and the benefits of using a travel agent.
Austyn discusses:
- Common misconceptions about traveling in the modern day
- The process of setting up a “travel slush fund”
- How to find the right credit card with the best travel perks for your needs abroad
- How to avoid unnecessary travel expenses (International ATMs, booking your flights too late, and so much more!)
- And more
Resources:
- Wealth of Insight: Gridiron to Goldmine (Ep.42)
- Google Flights
Connect with Austyn Whittenburg:
- (801) 839-7056
- austyn@whittenburgwealth.com
- Schedule A Meeting With Austyn
- LinkedIn: Austyn Whittenburg
- Whittenburg Wealth Partners
- Twitter: Whittenburg Wealth
Think you know the NFL?
While athletes sprint on the field, there’s another game being played off the field – one of billions.
Venture beyond the scoreboard as Austyn Whittenburg unravels the sophisticated dance of dollars behind every touchdown and tackle in the NFL, along with the staggering influence of sports on global economies and our everyday lives. Prepare to challenge what you thought you knew about sports economics.
Throughout the episode, Austin covers:
- Why the NFL is still the undisputed champion of TV broadcasts
- How the NFL’s strict salary cap stands against the unrestricted dynamics of European soccer
- Why titans like ESPN and Amazon are betting big bucks on sports broadcasts
- How cities like Las Vegas score big with NFL betting
- And more!
Resources:
- Joe Pompliano
Connect with Austyn Whittenburg:
- (801) 839-7056
- austyn@whittenburgwealth.com
- Schedule A Meeting With Austyn
- LinkedIn: Austyn Whittenburg
- Whittenburg Wealth Partners
- Twitter: Whittenburg Wealth
All companies, organizations, and teams mentioned are not affiliated with or endorsed by Whittenburg Wealth Partners or LPL Financial.
Did you know that around 14 million employees in the US are covered by stock option plans?
Let’s find out what these options in your compensation plan have to offer you!
In this episode, Austyn Whittenberg discusses the benefits, taxation, and considerations of employee stock options and restricted stock. He explains key terms related to stock options and highlights the increasing prevalence of these options in companies, particularly in the technology sector.
Austyn also discusses the taxation of non-qualified stock options and incentive stock options, as well as the risks associated with exercising stock options and making elections related to restricted stock.
Austyn discusses:
- Stock options vocabulary: Grant date, vesting date, exercise price, expiration date
- How your stock options will be taxed
- How to decide whether stock options as part of your compensations makes sense for you
- Qualified, incentive, and restricted stock options: What are they? What’s the difference between them?
- And more
Resources:
- Wealth Of Insight: Ready to school your student loans?
Connect with Austyn Whittenburg:
- (801) 839-7056
- austyn@whittenburgwealth.com
- Schedule A Meeting With Austyn
- LinkedIn: Austyn Whittenburg
- Whittenburg Wealth Partners
- Twitter: Whittenburg Wealth
This material was created for educational and informational purposes only and is not intended as ERISA, tax, legal or investment advice. If you are seeking investment advice specific to your needs, such advice services must be obtained on your own separate from this educational material.
Any company names noted herein are for educational purposes only and not an indication of trading intent or a solicitation of their products or services.
Feeling overwhelmed by student loans? You’re not alone. Join Austyn Whittenburg of Whittenburg Wealth Partners as he dives deep into the complicated world of student loans in the United States. From discussing the COVID-19 pause on repayments to the latest Supreme Court rulings, Austyn breaks down what you need to know to make informed decisions …
We’ve said it before, and we’ll say it again now: There is no such thing as a dumb question when learning how to invest your money. Today, we’re answering the questions you’re too afraid to ask about bonds. In this episode, host Austyn Whittenberg discusses different types of bonds and bond terms. He explains that …
Stocks, bonds, ETFs, oh my! What’s the difference between all these anyway? In this episode, Austyn Whittenberg discusses the difference between stocks and bonds. Austyn also emphasizes the importance of diversification and having a combination of both stocks and bonds in investment portfolios. He also delves into the difference between actively managed and passively managed … Continue reading Questions You’re Afraid To Ask: Stocks, Bonds, ETFs, and Beyond! (Ep.38) →
You may have heard the term S&P 500 or NASDAQ thrown around when discussing diversifying and growing your portfolio. But what do these index funds mean for your portfolio? In this episode, Austyn focuses on three major investment options and explores what questions clients often don’t think about when it comes to the Dow, S&P … Continue reading Unraveling the Mysteries of the Dow, S&P 500, and NASDAQ (Ep.37) →
If you’re like the average American, you have debt, and possibly don’t know where to begin when wanting to efficiently pay it off. In this episode of the Wealth of Insight podcast, Austyn Whittenberg tackles the pressing issue of American debt. He shares valuable strategies for managing and reducing debt. From budgeting to the 50-30-20 … Continue reading Exploring Creative Strategies to Demolish Your Debt (Ep.36) →
Are you haunted by a constant sense of guilt every time you spend money? In this episode, Austyn Whittenburg dives into the phenomenon of spending guilt, unraveling its underlying causes and exploring practical strategies to overcome it. Join him as he uncovers the secrets to finding financial balance, transforming negative money mindsets, and embracing a … Continue reading Spending with Purpose: Aligning Your Values and Financial Goals (Ep.35) →
Mistakes are inevitable. Some can be overlooked but in financial planning, one mistake can have a big impact on your financial future. In this episode, Austyn Whittenburg shares seven of the most common mistakes he sees people making in their financial planning. He explains each mistake and what you can do to avoid making them. … Continue reading 7 Common Mistakes to Avoid While Financial Planning (Ep.34) →
Are you tired of earning next to nothing on your savings? Do you want to know how to get higher returns on your hard-earned money? In this episode, Austyn Whittenburg explores the best places to park your money, both for the short and long term, so you can earn better returns and minimize the impact … Continue reading Savings 101: How to Earn More on Your Money (Ep.33) →
It’s no secret that financial literacy is something that isn’t taught in school.
In this episode, Austyn welcomes Rick Gallacher, CFP®, CPA/PFS back onto the podcast to talk about five key financial principles that your kids should know. From interest to taxes, Austyn and Rick use real examples so you can teach your kids everything they need to know about money.
Austyn and Rick discuss:
- Albert Einstein’s Eighth Wonder of the World.
- How taxes can affect your investments.
- The difference between investing and gambling.
- A dollar today is worth less than a dollar tomorrow.
- And more!
Connect with Austyn Whittenburg:
- (801) 839-7056
- austyn@whittenburgwealth.com
- Schedule A Meeting With Austyn
- LinkedIn: Austyn Whittenburg
- Whittenburg Wealth Partners
- Twitter: Whittenburg Wealth
Connect with Rick Gallacher:
- LinkedIn: Rick Gallacher
- rick@whittenburgwealth.com
About our guest:
Rick has experience in the areas of financial modeling, asset allocation, investment selection, estate planning, personal risk management, holistic situation auditing, and personal financial reporting. As a licensed CPA, he has proficiency in understanding and applying analysis to the overall economy, capital markets, corporate fundamentals, personal taxation, and essential business law.
Rick is a highly organized, analytical, and detail-oriented individual. Through professional and personal experience, he has learned that complete and accurate data is important to make appropriate decisions. He follows this concept: theorizing before one has data inevitably causes one to twist facts to suit theories instead of theories to suit facts.
Rick, his wife Kate, and their daughters Remi and Addi live in Sandy, Utah, and love to travel. They have jokingly been told that their residence is more of a vacation home because it seems they are rarely there. Between them, Rick and Kate have traveled to 36 countries. Rick enjoys golfing, skiing, soccer, jet skiing, and being in the mountains. He’s been skydiving three times and has not broken a bone! Any time spent with family is time well spent for him.
If you’ve been watching the news lately, there has been a lot of panic surrounding the US dollar.
In this episode, Austyn Whittenburg eases your mind about money by explaining the different scenarios we could face in the future. He addresses the recent events that could have an impact on the dollar and explains why there is no reason for immediate concern.
Austyn discusses:
- The history of money – how it started and where it’s going.
- America’s lead in the competition for “best” currency.
- The two currencies that pose the biggest threat to the US dollar.
- Why you won’t have to start a food reserve quite yet.
- And more!
Connect with Austyn Whittenburg:
- (801) 839-7056
- austyn@whittenburgwealth.com
- Schedule A Meeting With Austyn
- LinkedIn: Austyn Whittenburg
- Whittenburg Wealth Partners
- Twitter: Whittenburg Wealth
Are you wondering whether you should use passive or active asset management when investing? It’s a million-dollar question that every investor faces.
But fear not, in this podcast episode, Austyn Whittenburg dives deep into this polarizing debate in the financial industry, exploring the pros and cons of each strategy, and even how to get the best of both worlds!
In this episode, Austyn covers a range of important topics such as:
- The heated debate between passive and active management, and the factors that contribute to this debate
- How to determine which investing strategy is better suited for your goals
- The differences between active and passive managers, and which type of manager is right for you
- The history of these investing strategies and the key factors that have influenced their evolution over the years
- And much more
Connect with Austyn Whittenburg:
- (801) 839-7056
- austyn@whittenburgwealth.com
- Schedule A Meeting With Austyn
- LinkedIn: Austyn Whittenburg
- Whittenburg Wealth Partners
- Twitter: Whittenburg Wealth
Any company names noted herein are for educational purposes only and not an indication of trading intent or a solicitation of their products or services. The Russell 3000 Growth Index is an unmanaged index comprised of those Russell 3000 companies with higher price-to-book ratios and higher forecasted growth values. The Russell 3000 Value Index measures the performance of those Russell 3000 companies with lower price-to-book ratios and lower forecasted growth values. Socially Responsible Investing (SRI) / Environmental Social Governance (ESG) / Biblically Responsible Investing (BRI) investing / Faith Driven Investing (FRI) has certain risks based on the fact that the criteria excludes securities of certain issuers for non-financial reasons and, therefore, investors may forgo some market opportunities and the universe of investments available will be smaller.
Seeking out strategies for saving money on your taxes? Looking to keep more of your hard-earned income in your pocket?
Look no further…
In this episode, Austyn Whittenburg explores the various ways you can save money on your taxes. From tax deductions and credits to retirement accounts and charitable contributions, Austyn provides practical tips and insights on how to reduce your taxes and maximize your savings.
Austyn discusses:
- Changes that you can expect to see in your taxes over the next few years
- The good news about the current state of inflation
- How your tax credits might change coming out of the pandemic
- Tax deductibles that you may not know about that could save you money
- And more
Connect with Austyn Whittenburg:
- (801) 839-7056
- austyn@whittenburgwealth.com
- Schedule A Meeting With Austyn
- LinkedIn: Austyn Whittenburg
- Whittenburg Wealth Partners
- Twitter: Whittenburg Wealth
Join us for this week’s episode, where we welcome David Burns from Retirement Health Solutions to share his expert insights on Medicare.
While Medicare is an essential program providing healthcare coverage to seniors, it’s important to be aware of its limitations.
During this episode, David will cover the various parts of Medicare, including A, B, C, and D, and provide valuable information on supplementing your healthcare and dental expenses coverage. Gain a better understanding of what is and isn’t covered under Medicare, and learn how to optimize your Medicare Supplement plan.
David discusses:
- An overview of Medicare Parts A and B
- Understanding Medicare Coverage: Inclusions and Limitations
- Strategies to enhance the Medicare supplement plan benefits
- Addressing dental costs beyond Medicare and the alternatives to consider
- Additional insights on Medicare optimization
- And more
Resources:
- Retirement Health Solutions
Connect with David:
- david@retirementhealthsolutions.com
- 801-477-7443
Connect with Austyn Whittenburg:
- (801) 839-7056
- austyn@whittenburgwealth.com
- Schedule A Meeting With Austyn
- LinkedIn: Austyn Whittenburg
- Whittenburg Wealth Partners
- Twitter: Whittenburg Wealth
Your financial future is at stake, and a good credit score is essential in pursuing your goals. Whether it’s buying a home, starting a business, or investing in your future, a solid credit history is crucial. Don’t risk making common mistakes that can negatively impact your credit score and hurt your financial well-being.
In this episode, Austyn Whittenburg is joined by Troy Heidenreich, Mortgage Loan Originator at CrossCountry Mortgage, LLC. They talk about credits, how to build a good credit history, and the importance of building credit at an early age. Additionally, they debunk common credit score myths.
Austyn and Troy discuss:
- How Troy got into the mortgage industry, and how his team at Cross Country Mortgage helps clients pursue their financial and real estate goals
- What credit is, basic tips on building credit, and creating a good credit history for future loans
- Credit score ranges (what is considered poor, good, and perfect), and how many years does it take to have accurate information about your credit history
- The factors that go into calculating credit scores
- Tips for fixing or improving your credit situation and the importance of getting a “deletion letter”
- The myth that pulling credit for a mortgage application will hurt your credit score
- The importance of using a credit monitoring service to avoid identity theft
- And more!
Connect with Austyn Whittenburg:
- (801) 839-7056
- austyn@whittenburgwealth.com
- Schedule A Meeting With Austyn
- LinkedIn: Austyn Whittenburg
- Whittenburg Wealth Partners
- Twitter: Whittenburg Wealth
Connect with Troy Heidenreich:
- (801) 694 1733
- LinkedIn: Troy Heidenreich
- CrossCountry Mortgage
Troy Heindenreich and CrossCountry Mortgage are not affiliated with or endorsed by Whittenburg Wealth Partners or LPL Financial.
Any company names noted herein are for educational purposes only and not an indication of trading intent or a solicitation of their products or services.
No strategy assures success or protects against loss.
For some people, their biggest regret when it comes to financial planning is not starting early enough.
In this episode, Austyn Whittenburg covers the most common mistakes people make when financial planning and how to avoid them.
Austyn discusses:
- Living beyond your means
- Not taking advantage of employers’ 401k matching
- Being uninsured on life insurance
- The worry of not having an estate plan
- The mistake of trying to time the market
- And more
Resources:
- Here is why your savings rate is more important than your investments’ returns By Anora Mahmudova
- Does Market Timing Work? By Schwab Center for Financial Research
- When should you start saving for retirement?
Connect With Austyn Whittenburg:
- (801) 839-7056
- austyn@whittenburgwealth.com
- Schedule A Meeting With Austyn
- LinkedIn: Austyn Whittenburg
- Whittenburg Wealth Partners
- Twitter: Whittenburg Wealth
Whittenburg Wealth Partners and LPL Financial do not offer legal advice or services. This material contains only general descriptions and is not a solicitation to sell any insurance product or security, nor is it intended as any financial or tax advice. For information about specific insurance needs or situations, contact your insurance specialist. Dollar-cost averaging involves continuous investment in securities regardless of fluctuation in price levels of such securities. An investor should consider their ability to continue purchasing through fluctuating price levels. Such a plan does not assure a profit and does not protect against loss in declining markets.
Congress has passed a few things that give people more opportunity to grow the amount of money they can put away and save for retirement.
In this episode, Austyn Whittenburg talks with Rick Gallacher to discuss a high level overview of the Secure Act 2.0.
Rick discusses:
- The changes to RMD’s
- The impact to the QCD
- You can now use Roth in a SEP
- A list of what can happen in your life that will allow you to still access your retirement funds
- Start up credits for small business owners
- How the new provision works called ESA
- And more
Resources:
- The Basics of Social Security (Ep.20)
Connect With Austyn Whittenburg:
- (801) 839-7056
- austyn@whittenburgwealth.com
- Schedule A Meeting With Austyn
- LinkedIn: Austyn Whittenburg
- Whittenburg Wealth Partners
- Twitter: Whittenburg Wealth
Connect With Rick Gallacher:
- 801.839.7057
- rick@whittenburgwealth.com
- LinkedIn: Rick Gallacher
About Our Guest:
Serving as both Financial Planning Director and Private Wealth Advisor, Rick has experience in the areas of financial modeling, asset allocation, investment selection, estate planning, personal risk management, holistic situation auditing and personal financial reporting. As a licensed CPA, he has proficiency in understanding and applying analysis to the overall economy, capital markets, corporate fundamentals, personal taxation and essential business law.
Rick is a highly organized, analytical, and detail-oriented individual. He has learned through professional and personal experience that complete and accurate data is important to make appropriate decisions. He follows this concept: theorizing before one has data inevitably causes one to twist facts to suit theories instead of theories to suit fact.
You can potentially expect the economy to slow down even a little bit more in 2023, from what you’ve experienced in 2022. Specifically, if you’re looking at the global economy it might be around the 2% range.
But wouldn’t it be helpful to have a crystal ball that would tell you exactly what to expect in the new year?
In this episode, Austyn Whittenburg answers some of the common questions his clients are asking at this time of year and shares a 2023 outlook as it relates to the economy stock market.
Austyn discusses:
- If the economy is headed in the direction of a recession
- Why the rising interest rates are contributing to the slowing of the economy
- The worst year for bonds and why a recovery is expected in the new year
- And more
Connect With Austyn Whittenburg:
- (801) 839-7056
- austyn@whittenburgwealth.com
- Schedule A Meeting With Austyn
- LinkedIn: Austyn Whittenburg
- Whittenburg Wealth Partners
- Twitter: Whittenburg Wealth
While most people are nervous about the cost of living due to inflation, there are some who look at the benefits of inflation on the markets and individual employment.
In this episode, Austyn Whittenburg speaks with Nikko Denis, branch manager at Intercap Lending, on the alternative implications of inflation. Nikko reveals how inflation has forced real estate sellers to compromise, why housing prices still haven’t dropped and what those concessions mean for the future real estate market.
Nikko discusses:
- Where the real estate market currently sits due to inflation
- How inflation impacts real estate pricing and mortgage rates
- Why the current market remains a sellers market over a buyers market
- The connection between rising inflation and unemployment numbers
- And more
Connect With Austyn Whittenburg:
- (801) 839-7056
- austyn@whittenburgwealth.com
- Schedule A Meeting With Austyn
- LinkedIn: Austyn Whittenburg
- Whittenburg Wealth Partners
- Twitter: Whittenburg Wealth
Connect With Nikko Denis:
- Nikko Denis
- Intercap Lending
About Our Guest:
At Intercap Lending, Nikko Denis is backed by in-house processing, underwriting and closing to guarantee a smooth and timely transaction. He works with first time home buyers all the way up to multi-million dollar clients and everything in between. Every client has different needs and in an ever changing market it’s difficult to know all of your options. Nikko prides himself in taking his client’s interest to heart and showing them all possible options for their situation now, and in the future.
What is a fiduciary and does Whittenburg Wealth Partners follow the fiduciary standard? Austyn Whittenburg has the answer.
In this episode, Austyn Whittenburg discusses one of the most common questions he’s starting to receive from his prospective clients, “are we fiduciaries?” He explains what a fiduciary is, differentiates between the fiduciary standard and suitability standard, and shares how to find out if a financial professional is a fiduciary.
Austyn discusses:
- What a fiduciary is
- Who is held to a fiduciary standard
- The difference between the fiduciary standard and suitability standards
- How the fiduciary standard applies to his practice
- The easiest way to know if a financial professional is a fiduciary
- And more
Resources:
- National Association of Personal Financial Advisors (NAPFA)
Connect with Austyn Whittenburg:
- (801) 839-7056
- austyn@whittenburgwealth.com
- Schedule A Meeting With Austyn
- LinkedIn: Austyn Whittenburg
- Whittenburg Wealth Partners
- Twitter: Whittenburg Wealth
Most people will need some form of long term care at some point in their life, and they don’t want to be a burden on their family.
In this episode, Austyn Whittenburg talks with Rick Gallacher, CFP®, to talk about a range of different long term care options, the benefits of the services, and when you need them.
Rick discusses:
- How to get benefits from long term care insurance
- The different ways these policies get set up
- How tough it can be for informal caregivers
- The average costs of assisted living facilities versus at home care
- And more
Connect With Austyn Whittenburg:
- (801) 839-7056
- austyn@whittenburgwealth.com
- Schedule A Meeting With Austyn
- LinkedIn: Austyn Whittenburg
- Whittenburg Wealth Partners
- Twitter: Whittenburg Wealth
- https://www.whittenburgwealth.com/ltc-pod
Connect With Rick Gallacher:
- (801) 839-7057
- rick@whittenburgwealth.com
- LinkedIn: Rick Gallacher
About Our Guest:
Rick Gallacher has experience in the areas of financial modeling, asset allocation, investment selection, estate planning, personal risk management, holistic situation auditing and personal financial reporting. As a licensed CPA, he has proficiency in understanding and applying analysis to the overall economy, capital markets, corporate fundamentals, personal taxation and essential business law.
This material contains only general descriptions and is not a solicitation to sell any insurance product or security, nor is it intended as any financial or tax advice. In addition, state insurance laws and insurance underwriting rules may affect available coverage and its costs. Guarantees are based on the claims paying ability of the issuing company. If you need more information or would like personal advice you should consult an insurance professional. You may also visit your state’s insurance department for more information.
Riders are additional guarantee options that are available to an annuity or life insurance contract holder. While some riders are part of an existing contract, many others may carry additional fees, charges and restrictions, and the policy holder should review their contract carefully before purchasing.
One in five Americans claim some form of Social Security benefits. Everyone’s benefit can be slightly different depending on your work history, age and a few other factors.
In this episode, Austyn Whittenburg, discusses the basics of Social Security to help you get a clear understanding of what it is and how it gets calculated.
Austyn discusses:
- Why Social Security is known as a broad reaching program
- How Social Security gets funded
- How to calculate the amount of Social Security you will receive
- Who is eligible to receive a Social Security benefit
- How to maximize your Social Security benefit
- And more
Resources:
- ssa.gov
Connect with Austyn Whittenburg:
- (801) 839-7056
- austyn@whittenburgwealth.com
- Schedule A Meeting With Austyn
- LinkedIn: Austyn Whittenburg
- Whittenburg Wealth Partners
- Twitter: Whittenburg Wealth
Some of the best days that you’ll see as an investor happen in bear markets and over the course of your investment life it can make a significant difference in your portfolio. In this episode, Austyn Whittenburg discusses how his firm approaches periods of extended volatility and how he helps clients survive the bear market. … Continue reading Navigating Volatility and Bear Markets (Ep.19) →
Many people are wanting to increase their wealth, and their health, but maybe don’t know where to start. As you’re gearing up for the holidays and the treats start to stock up, how are you planning on staying healthy? In this episode, Austyn Whittenburg talks with Jon Fuller, a health, wellness and personal development coach … Continue reading Staying Healthy During The Holidays With Jon Fuller (Ep.18) →
With inflation causing a fluctuation in the value of your assets, is it time to update your insurance coverage to ensure that your properties and valuables are all covered? In this episode, Austyn Whittenburg talks with Sam Hoole, a private client advisor at Diversified Insurance An IMA Inc. Company. He will talk about all things, … Continue reading The Right Ways To Be Insured With Sam Hoole (Ep.17) →
As college costs continue to rise, more parents and grandparents are looking into ways to save for their children’s education. But with the potential for taxes and penalties, is a 529 plan the right choice? In this episode, Austyn Whittenburg talks with Rick Gallacher, CFP®, to discuss how you can start helping your kids save … Continue reading Is It Time To Start Saving For Your Child’s Education? With Rick Gallacher, CFP® (Ep.16) →
Many people think estate plans are solely for wealthy people but that could not be further from the truth. Everyone should have an estate plan. In this episode, Austyn Whittenburg talks with Eric Whiting, an estate planning lawyer. Planning your trust should be a priority for you to ensure your children and family can be … Continue reading The Reason Everyone Should Have an Estate Plan with Eric Whiting (Ep.15) →
With the stock markets changing and public real estate being down 18%, private real estate is still in the positives. In this episode, Austyn Whittenburg talks with Jeffrey Gross, director at Apollo Global Management, Inc., about the private real estate industry. With inflation going up, private real estate investing could be a fit within your … Continue reading Fitting Real Estate Into Your Portfolio With Jeffrey Gross (Ep.14) →
Whether you like taking risks or playing it safe, there are annuities made to fit most people. In this episode, Austyn Whittenburg talks with Eric Motzkus, CRPC, a financial advisor with Allianz Life Financial Services explains the basics about annuities, and how they fit into your comprehensive financial plan. Eric discusses: Why people buy annuities … Continue reading How Annuities Could Work For You With Eric Motzkus, CRPC (Ep.13) →
It certainly has been a bumpy ride over the past few months. But after some forecast analyses, are we finally going to see some improvements to the economy or do we have to keep our seat belts fastened as it drops even further? In this episode, Austyn Whittenburg gives you a midyear outlook and what … Continue reading Mid-Year Outlook On The Economy (Ep.12) →
Money is indeed important, but when it comes to financial advisors and wealth planners, they cannot discuss only about investments. In fact, this can be detrimental. In this episode of Wealth of Insight, Colleen Bowler, co-founder of C&J Innovations and the developer of a passport package tool, talks with Austyn Whittenburg. They detail the importance … Continue reading How to Provide Value to Your Clients With Colleen Bowler (Ep.11) →
How can you ensure that you have found the right financial advisor to fit your needs? In this episode, Austyn Whittenburg explains what questions he thinks you should be asking your financial advisor. He also highlights why it is important to understand the value they are bringing with their advice to have a successful relationship … Continue reading Questions You Should Be Asking Your Financial Advisor (Ep.10) →
With bonds in a laddered format, there is an opportunity to potentially increase your income stream with each passing year. In this episode, Austyn Whittenburg talks with Scott Tallman, vice president at Belle Haven Investments. He shares how he is helping position people in the bond market and how the bond ladder impacts decision-making for … Continue reading Positioning in the Bond Market with Scott Tallman (Ep. 9) →
Are you worried that you may never be able to own your own house in your lifetime? With housing prices continuing to rise and the demand for houses growing even more, it may seem impossible to find the right time to purchase your first home. In this episode, Austyn Whittenburg talks with Broch Lassig, from … Continue reading Creating Wealth Through Home Ownership With Broch Lassig (Ep.8) →
Many people will tell you that life insurance is just for when you die. But while there is more to it than that, life insurance can be daunting. In this episode, Austyn Whittenburg is joined by Andy Brim, regional sales vice president at Dixon Wells. He breaks down the mystery of life insurance to help … Continue reading Breaking Down The Mystery of Life Insurance With Andy Brim (Ep.7) →
You may keep hearing about how tight the real estate market is and how tough it can be to get the house you want. In this episode, Austyn Whittenburg talks with Chase Carter, the founder of Chase Carter Real Estate. Chase shares his expertise on how to make an offer that sets you apart from … Continue reading Tips for Navigating the Real Estate Market With Chase Carter (Ep.6) →
It’s never too late to start planning for your retirement or is it? In this episode, Austyn Whittenburg is joined by Rick Gallacher to discuss some strategies he uses when crafting financial plans with his clients. He also shares how he can work with you to potentially optimize your plan. Austyn discusses: Why you should … Continue reading Is It Ever Too Late To Start Planning For Retirement? With Rick Gallacher (Ep.5) →
Every year, tax rules and regulations are being updated. But you’d have to do some digging on the internet to find out and understand what is going on. In this episode, Austyn Whittenburg is joined by guest Darin Fullmer, senior tax manager at Haynie & Company. Darin will bring you up to speed with his … Continue reading Saving on Taxes in 2022 With Darin Fullmer (Ep.4) →
When it comes to achieving your financial goal, there are some risks that you have to take. As a financial advisor, we are here to help you understand the risks to get you to that financial goal that you have. In this episode, Austyn Whittenburg, CFP® talks with Rick Gallacher, CFP® financial planning director and … Continue reading The First Step to Your Successful Financial Future With Rick Gallacher (Ep.3) →
Have you ever wondered what it would be like to have a financial advisor? In this episode, Austyn Whittenburg talks about the full client experience, so that you can truly get a better understanding of how you can benefit from it. Whittenburg Wealth Partners uses a confidentiality agreement and top security measures, to be fully … Continue reading Our Client Experience — From First Contact to a Lifetime of Service (Ep. 2) →
Are you ready to take control of your wealth and design the life you envision for yourself and your family? In this inaugural episode, meet your host, Austyn Whittenburg, a wealth planner and partner with Whittenburg Wealth Partners, as he talks with special guest Dan Whittenburg. You will learn more about how they started operating … Continue reading Meet Your Host, Austyn Whittenburg With Dan Whittenburg (Ep. 1) →
Are you ready to take control of your wealth and design the life you envision for yourself and your family? Welcome to Wealth of Insight with Austyn Whittenburg from Whittenburg Wealth Partners. Austyn guides you through the planning process to help you build a plan that seeks to protect your financial future. He empowers you … Continue reading Coming Soon! →